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Joseph Stiglitz, Nobel Prize winner for economics, told CNBC, "I am not very concerned about a hard landing, there is always a risk but China has the resources sitting on more than three million dollars of reserves it has the instruments, it has much stronger control of the financial system the banking system then the US."

Mustapa Mohamed, International Trade & Industry Minister of Malaysia says while there are different levels of development among ASEAN nations, they're all united about meeting the goal for integration by 2015.

Kittirat Na-Ranong, Deputy PM & Finance Minister of Thailand says the country must improve the standard of living for its people and rebalance the economy if it is to achieve strong, sustainable growth.

Sean Turnell, Senior Lecturer at Macquarie University says Aung San Suu Kyi's speech at the World Economic Forum illustrates her pragmatism. She knows that growing the economy is a top priority and understands the economic challenges that Myanmar faces.

Rajeev Singh-Molares, EVP & President, Asia Pacific at Alcatel-Lucent says that after a particularly slow first quarter, Asia's mobile markets will rebound over the rest of the year. China will publish its plan for a national broadband network later in the year and this will drive growth in the mobile industry.

Mari Pangestu, minister of tourism for Indonesia, told CNBC, "Tourism has been resilient vis-à-vis the euro zone crisis, even inbound tourism from Europe is still growing at about 2 to 4 percent last year as well as the first quarter of this year and on top of that tourism inbound from Asia like China, Korea and India is growing at 20/30 percent."

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